Securitisation & Reconstruction of Financial Assets & Enforcement of Security Interest Act, 2002 & Security Interest (Enforcement) Rules, 2002

This comprehensive edition presents the full and updated texts of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 together with the Security Interest (Enforcement) Rules, 2002, which collectively regulate the enforcement of secured debts in India. The SARFAESI Act empowers banks, financial institutions, and Asset Reconstruction Companies (ARCs) to enforce security interests without court intervention, enabling faster recovery of Non-Performing Assets (NPAs). Detailed provisions address the process of issuing demand notices, taking possession of secured assets, management of assets, sale and auction procedures, borrower rights and grievance mechanisms, and the role of the Central Registry (CERSAI). The accompanying Enforcement Rules illustrate the procedural framework for possession, valuation, sale, and appeals before the DRT, making this volume a practical legal tool. This edition provides a clean, structured layout with clear headings, enabling easy navigation for legal research, compliance checks, and professional use. It is an indispensable reference for advocates, bankers, ARCs, company secretaries, insolvency professionals, and students who require precise statutory guidance on debt enforcement and financial asset reconstruction. Whether used in advisory, litigation, compliance, or academic settings, this book delivers authoritative clarity on one of the most significant debt recovery legislations in India.